Thursday, October 9, 2014

Keep Your Mind Sharp With Brain-Stimulating Exercise

A new book by former U.S. Surgeon General Dr. Richard Carmona suggests that brain stimulating exercises such as puzzles and crosswords might be a key to preventing memory loss.

In Canyon Ranch 30 Days to a Better Brain, Carmona explains the anatomy of the brain and gives advice on how to keep the mind agile and sharp. Some of the strategies Dr. Carmona recommends for combatting the effects of aging on the mind include adequate sleep, good nutrition, exercise and brain-stimulating exercises.

In a recent interview, Dr. Carmona equated brain-stimulating exercise to physical exercise.  “As we get older, if we don’t exercise our biceps, they atrophy. And if you don’t continue to stimulate the mind, it does tend to undergo atrophy, too. MRI images show the brain shrinks if you don’t use it. It requires that you develop the neural network. It’s not clear whether a crossword puzzle is better than a video game. But generally, challenging and stimulating the brain with new things is good.”

So break out that crossword puzzle, play that online puzzle game, or work that jigsaw--It might be just what your brain needs.

For additional tips for seniors, visit our website.

Wednesday, October 1, 2014

3 Must Knows About Successfully Selling Your Home

Sometimes the hardest part of selling a home is making the decision to sell it. Our homes give us roots, provide sanctuary, house memories and, hopefully, give us some financial security. It's a huge decision to sell a home. Once made, however, additional decisions will come fast and furious, so take some time now, before the frenzy, to understand these 3 Must Knows About Successfully Selling Your Home in today's real estate marketplace.

 

What is Market Value?
One of the most challenging aspects of selling a home is determining the list price. Many homeowners will go online to find homes nearby that are for sale and base their price assumption on those that are most similar.

The list price of a home, however, is a fantasy. It represents an amount of money the seller thinks, or hopes the home will bring. Until the home sells, he may be right or he may be wrong.

Buyers set market value for homes. What a knowledgeable, willing, and unpressured buyer pays for a home is the home's true market value. Therefore, when pricing a home for the market, one must always look at the sold prices of similar homes nearby.

This is the method both real estate agents and appraisers use when determining a home's market value.

First Impressions Matter
Think back to when you were house hunting. Were there houses that you arrived at that you just couldn't bear to get out of the car to look at? Chipped or peeling paint, sagging window and door screens, and overgrown or dead landscaping do not make a good first impression.

Before you do anything else, clean your house, inside and out. Make cosmetic repairs, especially outdoors where the house makes its first impression. Even if it's merely a new coat of paint on the front door, shiny new house numbers and some fresh mulch in the planting beds, it may help folks want to see more.

Don't neglect the interior either. If you don't know where to start, take a look at some websites with ideas on how to declutter and stage the home.

Since 95% of home buyers are finding their home on the internet, you want to make a good impression on real estate websites as well.  That’s why the Sullivan & Sullivan real estate team has every home that they list and sell professionally staged and photographed by a professional photographer.  See our Ultimate 55 Point Home Selling Plan

Don't Attempt This on Your Own
I know what you're thinking: Of course a real estate agent is going to tell me not to take the for-sale-by-owner route. So, I won't ask you to take just my word for it. Let's look at the cold, hard numbers.

First, only 9 percent of homeowners attempt to sell their homes without the aid of an agent, according to the National Association of Realtors® (NAR). Of those, almost half said they took this route because they were selling their home to someone they knew.

The next most commonly stated reason that a homeowner gave for not using an agent was that he or she didn't want to pay the real estate commission. That's understandable when one isn't sure exactly what an agent does to get a home sold. Once you get a look at that list, you'll understand that you definitely get what you pay for.

You should also take into consideration the fact that a home that is for sale by the owner is considered a bargain to most homebuyers. Many will walk in expecting you to kick back some of that money you're saving by not using an agent. This is why, according to NAR, homes sold by agents sell for 16 percent more than those sold by owner.

Selling a home is a big deal and, thankfully, something we don't often do. When it's time to sell yours, start with the basics, as outlined above, and you'll be ready to list your home before you know it.  Contact the Sullivan & Sullivan real estate team to see how we sell homes in an average of 18 days for 99% of list price!

Friday, September 12, 2014

Can Pets Hurt a Home Sale?

Homeowners often wonder, Can pets hurt a home sale? Here’s a story that will help answer that question. 
Dogs do the darndest things when they're bored. Take Squishy, for instance. Lauren came home late one night from her job as a nurse to find that Squishy –her usually well-mannered dog – had torn her sofa to shreds, right down to the woody skeleton. Squishy had enough time to not only disassemble the sofa but also to chew up the living room baseboards. While a ruined sofa won't impact a home's value, gnarled-on baseboards most definitely will. 

Americans Love Their Pets
Over 43 million American households own a dog, and over 36 million own at least one cat, according to the
American Veterinary Medical Association. It's unclear how many of these households are owner-occupied and how many rented, but since 65.5 percent of Americans own their homes, it's probably safe to say that many pet owners are also homeowners.

The various dog-shaming websites prove that pets behaving badly is sometimes funny – especially if it's someone else's pet acting up. When it's your cat or a neighbor's pooch committing the atrocities, though, you may pay dearly with a lowered resale value on your home.

Impact on Home Value
Time business and money writer Brad Tuttle claims that pets "can potentially do pretty much the same thing to your home's value that some pets do on the rug." He goes on to credit a New England real estate agent for determining that owning a pet may have a negative impact on your home's resale value.

As evidence, the agent cited a cat owner's condo that sold for up to $30,000 less than it should have because of damage caused by the pets.

Then, there's the noise factor. Whining, barking dogs in a neighborhood can bring down resale home values by between 5 to 10 percent, Appraisal Institute's Richard L. Borges tells Business Insider.

There isn't much you can do about a neighbor's dog, but there is plenty you can do about your own.

De-Pet Your Home
Just as you'll need to clean and declutter your home before it goes on the market, you'll also need to de-pet it. This involves getting rid of not only any damage the pet has caused, but also the hair, stains and, most of all, odors.

Start by getting rid of the hair. You'll need a heavy-duty vacuum for the job. Consider having the upholstered furniture dry-cleaned, launder or dry-clean the drapes, and shampoo the carpets.

Carpet: The Stink Magnet
Cat urine in the carpet is one of the hardest odors to get rid of, according to Neeraj Gupta, director of product research and development at ServiceMaster Clean. "Oftentimes," he tells MSN's Marcie Geffner, "you have to remove the carpet, remove the pad and seal the floor, and then replace the carpet and the pad."

If you think you can fix the problem by shampooing the carpet, you may want to pay close attention to those areas your pet chooses to use as a restroom.

First, though, you'll need to find those spots. Christopher Solomon of MSN Real Estate says that not all of the spots will be visible to the naked eye. He suggests that you consider purchasing a battery-powered ultraviolet light – also known as a black light. They are inexpensive and, used in a totally dark room, can pinpoint every bodily fluid that has landed on the carpet.

Other Flooring
If you have a hard-surface floor, you may think you've squeaked by the pet-odor problem. Think again. Even some hard surfaces can absorb urine. You'll need a chemical deodorizer and cleaner to rid the floor of the odor. If it lingers, you may need to strip and repaint, varnish or otherwise seal the floor.

Walls
If you own a dog, you are probably familiar with how they seem to love rubbing against the walls. Walk through your home with your eyes cast on walls and interior doors at doggy height and you'll no doubt notice discolored areas. Sometimes a Magic Eraser will remove the marks. If you've lived in the home for a long time, you may need to repaint to remove the doggy odor.

Cats like walls too – especially male cats, who tend to spray vertical surfaces, such as the backs of chairs and walls, according to the experts at Cornell University, College of Veterinary Medicine. Ask your veterinarian what she recommends to clean and deodorize the walls.

Showings
Your real estate agent will suggest that you not be home during showings. There are a number of reasons for this, but the most significant is that buyers are more relaxed if the homeowner isn't hanging around.

The National Association of Realtors® suggests removing the pet from the home during showings as well. If you'll be home, this is easy, just take the dog for a walk or drive.

If you will be working during showings, you'll need to come up with an alternative for your pet. Here are a few places to take your dog during showings:

Doggie Daycare – This one is ideal. The dog gets a day of socializing and playing, and potential buyers get to tour the home in solitude.

Groomer – An obvious win-win.

Veterinarian – Use the opportunity to get the dog or cat a checkup and shots.

Professional Dog Walker – Hire a dog walker to remove the dog from the home during showings.

Life is chaotic and full of unexpected events when your house is on the market. It's important to remain flexible and accommodate last-minute showings if you want to get the home sold. While pets may be members of the family, they are distractions to buyers, so it's important to decide beforehand how you'll deal with them while the home is for sale.

If you have any questions about selling a home or any other real estate questions for the Sullivan & Sullivan team, please contact us here.

Thursday, September 4, 2014

How to Avoid Buying a Money Pit

There's an old saying that a boat is nothing more than a hole in the water that you pour your money into. Boats are expensive – from the purchase to the ongoing maintenance – and boat owners throw a lot of money into that hole. If that's true, then it's easy to imagine a house being a hole in the ground, ready to swallow a fortune. Sadly, many of them are just that, but it doesn't have to be that way. If you're house hunting, it's easy to be swayed by design features and miss the red flags that signal the home may just be a money pit. So, how do you avoid buying a money pit?

Evidence of Deferred Maintenance
Ah, real estate lingo. Get ready to learn a whole new language as you go through the real estate transaction. One of the terms you may frequently hear, especially from your agent and home inspector, is "deferred maintenance."

Deferred maintenance is, simply, the putting off of routine home maintenance. Whether because of procrastination or lack of funds, many homeowners fail to perform the tasks that a house requires to remain in good condition.

For instance, failing to replace a cracked or broken wax ring on a toilet can lead to huge repair bills. Caught early, it's a relatively inexpensive fix. If not attended to, however, moisture will seep from the toilet, intruding into the flooring and even the subfloor. Mold may form. Before you know it, you're looking at not only fixing the toilet but replacing the flooring as well.

Let's take a look at some signs that a homeowner has put off performing routine but critical maintenance:

Cracks in the walls – Although this may be just a result of natural home shifting, a crack in the wall may be a symptom of a larger problem. Vertical cracks are typically harmless. Horizontal cracks, or jagged cracks that run at an angle, on the other hand, deserve closer inspection. These may indicate foundation shifting or water damage.

Ceiling stains Stains on the ceiling are common and indicate a problem somewhere above the stain. The problem may be a roof leak or defective chimney flashing, allowing rain and snow to seep through.

Ceiling stains may also indicate condensation. If the stain is near the bathroom's exhaust fan, condensation is most likely the culprit, and an uninsulated duct in the attic may be the cause.

Then, there is the obvious plumbing leak. If an upstairs bathroom is located above the stain there may be a leak in the tub, toilet or sink. Press your toes around the floor along the edge of the toilet's base. If it feels spongy, the toilet may be leaking. A home inspector has a tool to test a stain to determine if it is wet or dry. A dry stain means that the problem no longer exists while a wet stain means the problem persists.

Firewood piles – If you live in a region where wood-destroying pests are a problem, such as California, the Pacific Northwest and Michigan, a pile of firewood acts as a magnet for them. If that wood pile is stacked against the side of a house, there is a chance that the home may be infested with termites. A pest inspector is your best resource if you suspect there may be wood-destroying pest damage in a home.

Musty odors Many houses contain hidden health hazards, and one of the biggest is indoor air pollution. Some pollutants, such as radon gas, are impossible to detect by smell and require the help of a professional. Others, such as mold, are sometimes either visually evident or you can smell them. Mold is one of the most common indoor air pollutants, and we inhale the spores every time we take a breath. If the air smells musty, there is most likely mold somewhere in the home. Hire a certified mold inspector to go through the home before signing on the dotted line.

Sticking doors and windows – Open and close all interior windows and doors in the house. If they stick and aren't painted shut, it may be an indication of the foundation shifting. Look at the top of the sticking doors for a gap. This is another indication of the same problem.

While you can never completely eliminate risk when you buy a home, you can reduce it by exercising "due diligence," another of those terms you'll hear bandied about during the home-buying process. Due diligence simply describes your duty to investigate the condition of the property before you buy it. Many homebuyers rely on professional home inspectors to fulfill this aspect of their investigation, and there is nothing wrong with that. By knowing what to look for, however, you can guide your home inspector to those areas of the home that you think require extra scrutiny.

One final note: Certain types of deferred maintenance may sabotage your mortgage loan during the appraisal. Something as simple as broken or cracked windows can hold up an FHA-backed loan, and signs of larger problems, such as water damage and suspected mold infestations may cause a lender to demand further investigation and even repairs prior to closing.

If you are a buyer looking for a home and want a professional that can help you avoid a Money Pit, contact the Sullivan Team for some solid home buying advice. Also if want to sell your home and avoid being labeled as a Money Pit, contact the Sullivan Team for some solid home selling advice.

Wednesday, July 16, 2014

Dallas Fort Worth Home Sales in 2014

The mid year numbers are in for Dallas Fort Worth home sales in 2014.  Pre-owned home sales for North Texas were up a 7% in June,  the largest year over year monthly gain this year.

The median sales price in DFW was a record $199,900 up 10% from a year ago.

There were 9,841 home sales last month which was more than any single month in the last decade.

Average Days on Market to sell a house was 44 days, the shortest average time on record in the Dallas Fort Worth – North Texas area!

Watch this short video to find out what home sales are doing in specific areas of DFW.

DFW Metro Homes Sales in 2014

If you would like more information about home sales in your neighborhood or zip code, contact the Sullivan & Sullivan team, Your Real Estate Professionals in the DFW area.

Wednesday, June 11, 2014

This Home Has Aluminum Wiring, Should I Be Worried?

Many times when working with home buyers we are asked, “This home has aluminum wiring, should I be worried?” The answer is, not necessarily.

Many home buyers while looking for a home are scared off from considering a nice home because the home has aluminum wiring. Aluminum wiring doesn’t necessarily mean a home is unsafe, an older home with aluminum wiring might just need some minor updates to the home wiring.

Aluminum wire has been used in houses, power grids, and airplanes. Actually, aluminum provides a better conductivity to weight ratio than copper, and that is why it is used in power wiring of some aircraft. Most people didn’t know that utility companies have used aluminum wire for electrical transmission in power grids since the early 1900s. Because it has cost and weight advantages over copper wires, aluminum wire is the preferred material in transmission and distribution applications.

When the price of copper spiked in the mid-1960s, aluminum wire was manufactured in sizes small enough to use in homes to save on building cost. Aluminum wire requires a larger wire gauge than copper to carry the same current.

When aluminum wiring was first used in homes , it was installed the same way as copper. Typical connections from electrical wire to electrical devices, are usually made by wrapping the wire around screw terminals and tightening the screw. Over time, many of these terminations to aluminum wire began to fail due to improper connection techniques and dissimilar metals having different resistances. These connection failures generated heat under electrical load and caused overheated connections.

In the late 1960s, a device specification were revised several time for aluminum wiring. A new specification called CO/ALR (meaning copper-aluminum, revised) was created. CO/ALR applies only to standard light switches and receptacles; CU/AL is the standard marking for circuit breakers and larger equipment.

Upgrading or Repairing Aluminum Wiring in Homes
There are several upgrade or repair options that can be used in pre-1974 homes with aluminum wiring.
- The most expensive option is completely rewiring the house with copper wires.
- "Pigtailing" is a less expensive option that involves splicing a short length of copper wire (pigtail) to the original aluminum wire, and then attaching the copper wire to the existing electrical device. The splice of the copper pigtail to the existing aluminum wire uses special wire nuts, special crimp connectors, or special miniature lug-type connectors.

Aluminum wiring in a home shouldn’t scare a home buyer off from purchasing a home. Many times a home owner who is selling the home has already performed the recommended safety upgrades to the home wiring. Check out this article for more information on aluminum wiring.

Contact the Sullivan and Sullivan team if you would like to talk about purchasing a home with aluminum wiring or be referred to an electrician who can assess and make updates to homes with aluminum wiring.

Monday, June 2, 2014

Move-in Ready 2400 Sq Ft, 4 Bedroom Home in a Desirable Pantego Neighborhood

You don't want to miss this Move-in Ready 2400 Sq Ft, 4 Bedroom Home in a Desirable Pantego Neighborhood. Situated on a corner lot this lovely home has a side entry 3 car garage and parking for a RV or boat. The master bedroom has a separate sunny sitting area. There is a large kitchen with an island that has a breakfast area connecting to a sun room. There are 2 bay windows one in a living area and the other graces the formal dining room. This Pantego property is close to shopping, good schools and easy access to freeways. The interior of the home has been completely repainted with tasteful colors. For more information on this great home follow this link.

To schedule a showing please contact the Sullivan & Sullivan Real Estate Team at Keller Williams Realty